| | Business Summary | | Grupo
Elektra,
S.A.
de
C.V.
is
the
largest
specialty
retailing
group
in
terms
of
number
of
stores
and
revenues
in
Mexico
and
one
of
the
largest
in
Latin
America.
As
of
December
31,
2000,
the
Company
operated
950
retail
stores
of
which
102
were
located
in
five
other
countries
in
Latin
America.
The
Company
operates
four
store
formats
that
provide
specific
product
mixes
to
well
defined
target
markets.
The
four
formats
are
traditional
Elektra
stores,
MegaElektra
stores,
Salinas
y
Rocha
stores,
and
The
One
stores.
The
traditional
Elektra
and
MegaElektra
stores
sell
brand
name
consumer
electronics,
white
goods,
small
appliances
and
furniture
targeting
low
and
middle
income
segments
of
the
Mexican
and
Latin
American
population.
The
Salinas
y
Rocha
stores
offer
a
similar
line
of
products
as
the
Elektra
stores
but
are
oriented
to
a
higher
socioeconomic
bracket.
The
One
stores
sell
fashionable
clothing
targeting
mainly
younger
consumers. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Grupo
Elektra,
SA
de
CV
and
its
subsidiaries
buy
and
sell,
distribute,
and
import
and
export
consumer
electronics,
major
appliances,
household
furniture
and
clothing
in
Mexico
and
Latin
America.
EKT
is
also
involved
in
the
money
transfer
business.
For
the
comparable
fiscal
year
ended
12/31/00,
total
revenues
rose
18%
to
PS14.73
billion.
Net
income
according
to
U.S.
GAAP
rose
15%
to
PS1.29
billion.
Results
reflect
increased
sales
of
Elecktra
merchandise,
and
an
increase
in
gross
margins. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
3,792,700;
after
tax
earnings
were
344,600. (Preliminary; reported in thousands of Mexican Pesos.) | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Ricardo Salinas, 44 | Chairman | | Javier Sarro, 39 | CEO | | Alvaro Rodriquez, 32 | VP
of Fin. and Admin., CFO | | Mario Gonzalez, 46 | VP
of Marketing | | Gonzalo Garcia De Luca | VP
of Financial Operations |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/e/ekt.gif)